科 技 引 领 未 来
Science and technology lead the future
Imported GPS equipment may be duty-free, and domestic industry faces challenges
发布时间：
2023-02-28 18:22
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According to media reports, U.S. Trade Representative Michael Froman said China and the United States have made breakthroughs in negotiations to eliminate tariffs on information technology products, which he expects will lay the groundwork for the Information Technology Agreement (ITA) negotiations in Geneva at the end of the year. Froman said that China and the United States have reached an agreement on the expansion of ITA on the evening of the 10th, and will implement zero tariffs on a variety of technology products, GPS equipment is among them, and the rest of the technology products mainly include medical equipment, video game consoles, semiconductors and other new products.
It is crucial that the United States and China reach an ITA agreement
The ITA came into force in April 1997 and China pledged to join the agreement in its accession to the World Trade Organization (WTO) negotiations. The agreement exempts a number of high-tech products from tariffs, covering six categories of products: computer equipment and parts, communication equipment, semiconductor equipment and parts, software, and scientific instruments. However, with the development of science and technology, the above 4 categories of product range can no longer well cover the current technology products, and the product catalog has hardly changed since the ITA agreement came into force for 6 years. Therefore, the United States, the European Union and Japan have been seeking to expand the types of duty-free goods covered by the agreement to adapt to the latest social environment.
Wang Shouwen, assistant minister of commerce of China, said at a briefing by Chinese and foreign media on November 11 that the ITA enlargement negotiations are a very important negotiation under the WTO framework, involving a global trade volume of US$4 trillion, while the total global trade in goods is about US$3 trillion.
At the end of May 2013, it was reported that the United States and China could reach an agreement within two months. However, in November 5, the United States abruptly announced that it had suspended the negotiations, causing the expansion talks to run aground. The main reason for the stalled negotiations is that China and the United States disagree on whether more than 2013 products, including semiconductor chips, should be added to the expansion list. This is also the reason why progress has been slow since the ITA member countries launched expansion negotiations in 11, and it is difficult for member states to agree on the list of products to be expanded.
The agreement between China and the United States is crucial to the IT Agreement's goal of expanding the tax-free category. According to the plan, the agreement between China and the United States will be submitted to the 54 economies participating in the ITA negotiations in Geneva for ratification. U.S. officials said they were confident those economies would ratify the agreement because the United States had previously consulted with other countries.
According to the content released by the Office of the United States Trade Representative, the expanded ITA will cover 200 tariff lines, including medical devices, GPS devices, video game consoles, game software and next-generation semiconductors, which will be the first significant tariff reduction in the WTO in nearly 17 years.
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Imported GPS equipment may be duty-free, and domestic industry faces challenges
According to media reports, US Trade Representative Michael Froman stated that China and the United States have made breakthroughs in negotiations to eliminate tariffs on information technology products. He expects these breakthroughs to lay the foundation for the Information Technology Agreement (ITA) negotiations to be held in Geneva at the end of the year. Froman said that China and the United States have reached an agreement on ITA expansion on the evening of the 10th, which will implement zero tariffs on various technology products, including GPS equipment. The other technology products mainly include medical equipment, video game consoles, semiconductors, and other new products.
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